The jackpot for the Powerball draw on Mon Jan 5, 2026, is projected to be $86 Million, with an option for a cash payout of $38.8 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Mon Jan 5, 2026 |
|---|
| Draw Date | Mon Jan 5, 2026 | | Projected Jackpot | $86,000,000 | | Cash Value | $38,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $38,800,000 | | Federal Tax(24%) | $9,312,000 | | Additional Federal Tax | $5,004,330 | | State Tax(8.82%) | $3,422,160 | | Net Lumpsum Payment | $21,061,510 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,294,386 |
$439,253
$114,165 |
$740,968 |
| 2 |
$1,359,144 |
$463,214
$119,877 |
$776,053 |
| 3 |
$1,427,084 |
$488,351
$125,869 |
$812,864 |
| 4 |
$1,498,464 |
$514,762
$132,165 |
$851,537 |
| 5 |
$1,573,370 |
$542,477
$138,771 |
$892,122 |
| 6 |
$1,652,060 |
$571,593
$145,712 |
$934,755 |
| 7 |
$1,734,620 |
$602,140
$152,993 |
$979,487 |
| 8 |
$1,821,394 |
$634,246
$160,647 |
$1,026,501 |
| 9 |
$1,912,468 |
$667,944
$168,680 |
$1,075,844 |
| 10 |
$2,008,100 |
$703,327
$177,114 |
$1,127,659 |
| 11 |
$2,108,462 |
$740,461
$185,966 |
$1,182,035 |
| 12 |
$2,213,898 |
$779,473
$195,266 |
$1,239,159 |
| 13 |
$2,324,580 |
$820,425
$205,028 |
$1,299,127 |
| 14 |
$2,440,852 |
$863,446
$215,283 |
$1,362,123 |
| 15 |
$2,562,886 |
$908,598
$226,047 |
$1,428,241 |
| 16 |
$2,691,026 |
$956,010
$237,348 |
$1,497,668 |
| 17 |
$2,825,530 |
$1,005,776
$249,212 |
$1,570,542 |
| 18 |
$2,966,828 |
$1,058,057
$261,674 |
$1,647,097 |
| 19 |
$3,115,178 |
$1,112,946
$274,759 |
$1,727,473 |
| 20 |
$3,270,924 |
$1,170,572
$288,495 |
$1,811,857 |
| 21 |
$3,434,496 |
$1,231,094
$302,923 |
$1,900,479 |
| 22 |
$3,606,238 |
$1,294,638
$318,070 |
$1,993,530 |
| 23 |
$3,786,494 |
$1,361,333
$333,969 |
$2,091,192 |
| 24 |
$3,975,866 |
$1,431,401
$350,671 |
$2,193,794 |
| 25 |
$4,174,612 |
$1,504,937
$368,201 |
$2,301,474 |
| 26 |
$4,383,420 |
$1,582,196
$386,618 |
$2,414,606 |
| 27 |
$4,602,548 |
$1,663,273
$405,945 |
$2,533,330 |
| 28 |
$4,832,684 |
$1,748,423
$426,243 |
$2,658,018 |
| 29 |
$5,074,344 |
$1,837,838
$447,557 |
$2,788,949 |
| 30 |
$5,328,044 |
$1,931,707
$469,933 |
$2,926,404 |
|
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